The Tendency of Investors to Blame Others for Their Failures

question 9

Multiple Choice

The tendency of investors to blame others for their failures and take personal credit for their successes is referred to as

• A) loss aversion.
• B) representativeness.
• C) narrow framing.
• D) self-attribution bias.

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Definitions:

Identity Crisis

The failure to achieve ego identity during adolescence.

Foreclosure Status

In psychology, particularly Eriksonian theory, foreclosure status refers to an uncritical acceptance of parental or societal values without exploring personal identity.

Moratorium Status

A stage in identity development where an individual is actively exploring options but has not yet made a commitment to any particular identity or path.

Occupation

A person's usual or principal work or business, especially as a means of earning a living; a profession or job.